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Archive for April, 2007

Subic port privatization on track, says SBMA chief

Subic port privatization on track, says SBMA chief

Apr. 2 | THE Subic Bay Metropolitan Authority (SBMA) is confident it can hand over management and operation of Subic port to a private operator as scheduled despite encountering some hitches at the start of the port modernization project. SBMA chair Feliciano...

Aboitiz logistics companies merge

Aboitiz logistics companies merge

Apr. 2 | SHAREHOLDERS of Aboitiz One, Inc. (Aone) have approved the company’s merger with wholly-owned subsidiary Aboitiz Logistics, Inc. (ALI) whereby Aone will be the surviving corporation. Aone and ALI are the logistics arms of shipping firm Aboitiz Transport...

ICTSI bags Ecuador port operations contract

ICTSI bags Ecuador port operations contract

Apr. 2 | TWO months after announcing its interest in operating another port in South America, port operator International Container Terminal Services, Inc. (ICTSI) has landed a concession agreement to operate a port in Ecuador. In a report to the Philippine Stock...

Clark set to inaugurate $10M radars

Clark set to inaugurate $10M radars

Apr. 2 | CLARK International Airport Corp. (CIAC) is set to inaugurate this month two state-of- the-art radars for the Diosdado Macapagal International Airport (DMIA) amounting to $10 million. President Arroyo will be the guest of honor for the inauguration of...

Nenaco revenues up, but net income down for Jan-Feb

Nenaco revenues up, but net income down for Jan-Feb

Apr. 2 | DEBT-saddled shipping firm Negros Navigation (Nenaco) posted positive revenues for the first two months of the year propelled by the sale of two ageing vessels. In a report, Nenaco said its net income surged more than four fold to P114.33 million for...

NCC convinced one operator good for North Harbor port?

NCC convinced one operator good for North Harbor port?

Apr. 2 | THE single-operator scheme being proposed by the Philippine Ports Authority (PPA) in the privatization of the North Harbor gained ground after the National Competitiveness Council (NCC) reportedly agreed to the scheme. According to a source sitting on...

Task force eyed to regulate int’l carriers’ ‘hidden’ fees

Task force eyed to regulate int’l carriers’ ‘hidden’ fees

Apr. 2 | THE Philippine Ports Authority (PPA) is seeking an audience with the Department of Trade and Industry (DTI) to push for the creation of an inter-agency task force to police or regulate supposedly hidden fees billed by international carriers. PPA has already...
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